Press release
Composite Packaging Market Size, Outlook, Latest Insights, Top Companies and Analysis 2023-2028
Composite Packaging Market
How Big is the Composite Packaging Market?
The global composite packaging market size reached US$ 79.02 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.81 Billion by 2028, exhibiting a growth rate (CAGR) of 4.65% during 2023-2028.
What is Composite Packaging?
Composite packaging refers to a packaging method that involves using multiple materials with varied properties to create a packaging solution. Composite packaging is typically robust, offering superior protection for the packaged goods. It is also versatile, allowing for customization to fit specific product needs. Composite packaging typically includes layers of different materials such as plastics, aluminium, and paper, which provide various protective features. Composite packaging finds application in numerous industries such as food and beverage, pharmaceutical and the electronics and automotive.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/composite-packaging-market/requestsample
What are the Growth Prospects and Trends in the Composite Packaging Industry?
The shift towards ready-to-eat meals represents one of the key factors catalysing the demand for composite packaging. In addition to this, the increasing focus on sustainable packaging, coupled with the expansion of e-commerce are propelling the growth of the market. Moreover, innovations in material science and packaging technologies are enabling the creation of more efficient, cost-effective composite packaging solutions. Apart from this, consumers are becoming more health-conscious, the demand for pharmaceuticals is increasing, which necessitates protective composite packaging. Besides this, the increasing variety of beverages, including craft beers and artisanal sodas, is fueling the market growth of composite packaging. Along with this, the expansion of the cosmetics sector, with a wide range of products, is creating a substantial demand for composite packaging, thereby contributing to the market growth. Rapid urbanization and changing lifestyles trends are enhancing the need for packaged goods, indirectly increasing demand for composite packaging which, in turn, is leading the market towards growth. Other factors such as stringent government regulations and rising disposable income are further driving the growth of the market across the globe.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.imarcgroup.com/checkout?id=8201&method=1
Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Who are the Key Players Operating in the Composite Packaging Market?
The report has also provided a comprehensive analysis of the competitive landscape in the global composite packaging market. Some of the companies covered include.
โข Amcor plc
โข Crown Holdings Inc.
โข DS Smith plc
โข EnviroCore Composites (Pty) Ltd.
โข Mondi plc
โข Sealed Air Corporation
โข Smurfit Kappa Group plc
โข Sonoco Products Company
โข Tetra Pak International SA
โข Zipform Packaging
What is Included in Market Segmentation?
The report has categorized the market based on material, end use and region.
Material Insights:
โข Plastic
โข Paper
โข Cardboard
โข Others
End Use Insights:
โข Food and Beverage
โข Industrial Goods
โข Healthcare
โข Consumer Goods
โข Others
Regional Analysis:
โข North America (United States, Canada)
โข Europe (Germany, France, United Kingdom, Italy, Spain, Others)
โข Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
โข Latin America (Brazil, Mexico, Others)
โข Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ญ๐ก ๐๐จ๐ & ๐๐ข๐ฌ๐ญ ๐จ๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ: https://www.imarcgroup.com/composite-packaging-market
Key Highlights of The Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com/
Follow us on twitter: @ImarcServices
LinkedIn: https://www.linkedin.com/company/imarc-group
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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